economics

each individual has a budget line which they follow for expenditures. If the income of the individual increases what is the effect of the budget line?

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  1. Your question is from Indifference Curve analysis.
    Budget Line always shifts upward or right ward due to increase in income and shifts downward or leftward due to decrease in income.

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  2. Each individual has a budget line which they follow for expenditures. if the income of the individual increases what is the effect on the budget line?

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